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Kentucky Car Insurance

Kentucky, or the "Bluegrass State", as it is known is one of four U.S. states constituted as a commonwealth, with the other three being Virginia, Pennsylvania and Massachusetts. And while blue grass music is prevalent, the state of Kentucky received the nickname because bluegrass (a type of grass) is present in many of the lawns and pastures across the Kentucky. The treasures it offers its residents are diverse-ranging from the largest free ranging elk herd east of Montana, the nation's most productive coalfield, and the breeding of thoroughbred horses. The state's agricultural contributions include horses, cattle, tobacco, dairy products, hogs and soybeans. Unlike other states, Kentucky has maintained a farm based economy.

They rank fifth nationally in goat farming, eighth in beef cattle production and 14th in corn production. While thriving agriculturally, the state of Kentucky also has a solid industrial sector through transportation equipment, chemical products, food processing, tobacco products and coal. Then there is the nationally acclaimed Kentucky Derby held annually in Louisville where hats are judged just as much as the famous horses that run the track. However, if residents want to drive for work or pleasure they must carry adequate auto insurance.

Kentucky has an expansive park system that includes a national park, two national recreation areas, two national historic parks, two national forests and 45 state parks. Therefore, there is plenty to see and explore in this Southern state. Residents wishing to take a drive to Lexington, KY-the leading region for breeding racing horses-or the state capital of Frankfurt, they must comply with Kentucky car insurance regulations.

Kentucky Auto Insurance

Kentucky car insurance law requires the minimum bodily injury liability limits of $25,000 per injured person up to a total of $50,000 per accident, and property damage liability coverage with a minimum of $10,000. This type of car insurance coverage is also known as 25/50/10 coverage. If drivers do not have the mandatory amount of Kentucky car insurance required by the state, he or she can face hefty fines, penalties and even suspension of license. Bodily injury liability covers medical expenses and bills, not for you the driver, but for the person or persons in the other vehicle involved in the accident. Property damage helps cover costs accrued when items such as fences or houses are damaged as a result of an accident. Liability is minimalistic coverage and additional coverage may want to be considered while you shop for Kentucky car insurance quotes online.

Additional coverage includes personal injury protection (PIP) with a $10,000 limit or a choice to purchase based on the no-fault system or tort system. Kentucky follows a no-fault system, which means both drivers are held responsible. Regardless of who is at fault, your car insurance premium rate will cover up to $10,000 of financial compensation for medical expenses, loss of wages or replacement services. However, residents have an option to reject the no-fault system options and retain the right to sue using the Tort system, which finds one driver at fault over the other, for any injury related to the accident. One law that helps residents when it comes to auto insurance is the "Managed Competition System," which allows each individual company to set their own prices on your Kentucky car insurance premiums, but if the state deems them excessive, they can mandate lowering the price.

While reviewing car quotes online, drivers may wish to consider purchasing uninsured/underinsured motorist bodily injury coverage. This form of coverage will cover medical expenses caused by an uninsured and/or underinsured driver. The state of Kentucky does not make this type of coverage mandatory, but most car insurance companies recommend this option. Other additional coverage can cover costs including towing expenses and rental reimbursements. Looking into comprehensive and collision coverage can help you be prepared in the event an accident does occur. Comprehensive and collision covers for repairs to the vehicle of the insured, even if they are found at fault for an accident. It will also reimburse the driver for the vehicle's full blue book value if the vehicle is beyond repair because of the accident. While these types of coverage may increase your car insurance premium rates, they can save you financially down the line in the event you are involved in a serious accident with an uninsured motorist or are found at fault.

Average Car Insurance Premiums in Kentucky

Kentucky is among the states with the highest auto insurance premiums. Shopping around for car insurance quotes saves time by comparing various car insurance companies in Kentucky and coverage options all at once. In 2004, the state of Kentucky car insurance premiums averaged $758, an increase from 2003, when the premium was $738.58. The 2004 figures are based on a liability average of $487.49, collision average of $284.98 and a comprehensive average of $138.47. Only 26 states had higher average premiums that year. In 2000, the average premium was $615.69 and it increased to $645.21 in 2001.

Taking advantage of Internet shopping allows drivers to experiment with different types of car insurance coverage and companies, which helps them raise the deductibles for physical damages and helps cut premiums. Car insurance quotes online are easy and fast to obtain. They also allow you to compare auto insurance companies in Kentucky. Each individual is different and so is each car insurance company. Every company provides a different rate, so shopping around helps you find the best option that fits your individual needs. Quotes are typically free to get and there is no obligation to sign up, therefore using the Internet as a tool will only help decrease your auto insurance premium rate.

Keep in mind there are several factors that determine your car insurance quote and premium rates. Some are out of a person's control, such as gender, age and location. While others, including a clean driving record and type of car, will be considered when factoring your premium rate. Highway statistics show that men are typically involved in car accidents more than women are, so therefore they may have a higher rate. Also, teenagers can be seen as high-risk drivers by car insurance companies and can negatively affect a family's car insurance policy. On the other hand, a person in their 30s or 40s, with a clean driving record, may be a low risk for an auto insurance company and as a result have a lower car insurance premium. The type of vehicle you drive can also affect the rate you pay for Kentucky car insurance. Luxury vehicles typically cost more to insure than economy cars. There are ways to decrease your Kentucky car insurance premiums though including maintaining a clean driving record and by taking approved driving courses. Location is another factor car insurance companies use. For those living in high-populated areas such as Lexington Fayette, Bowling Green or Covington, KY may have a higher car insurance premium rates due to the amount of vehicles in the area. However, rural areas such as Richmond, Kentucky or Henderson, Kentucky or Florence, Kentucky may experience lower than average auto insurance premium rates.

Shopping online for a car insurance quote can give you a better option than making phone call after phone call or visiting auto insurance companies personally. It is fast and convenient and can save you money on your Kentucky car insurance quote.

So what are you waiting for? Compare cost and coverage details from the Kentucky cities of: Louisville, Lexington, Fayette, Owensboro, Elizabethtown, Bowling Green, Campbellsville, Central City, Corbin, Danville, Frankfort, Glasgow, London, Madisonville, Mayfield, Maysville, Middlesborough, Mount Sterling, Murray, Paducah, Richmond, Somerset and more.


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